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Applied Technology Co., Ltd.
(4356)
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Rating:74Outperform
Price Target:
¥1,827.00
▼(-1.40% Downside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by strong fundamentals (debt-free balance sheet and improved earnings/cash flow despite a modest revenue dip) and supportive valuation (moderate P/E with a meaningful dividend). Offsetting these positives, technical indicators are currently weak-to-neutral with the stock trading below key moving averages and a negative MACD.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially reduces financial risk and interest burden, while rising equity and assets provide flexibility to fund operations and pursue opportunities. This conservative structure should help the company remain resilient through weaker demand or investment cycles.
Negative Factors
Recent Revenue Decline
The 2025 revenue contraction interrupts the company’s preceding multi-year growth trend and raises questions about near-term demand momentum. Even with resilient profits, sustained top-line weakness could eventually limit operating leverage, reinvestment capacity, and future earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially reduces financial risk and interest burden, while rising equity and assets provide flexibility to fund operations and pursue opportunities. This conservative structure should help the company remain resilient through weaker demand or investment cycles.
Read all positive factors
Applied Technology Co., Ltd. (4356) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.31B
Dividend Yield2.46%
Average Volume (3M)1.11K
Price to Earnings (P/E)12.0
Beta (1Y)0.08
Revenue Growth-1.58%
EPS Growth-2.81%
CountryJP
Employees265
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)18.62
Shares Outstanding5,716,800
10 Day Avg. Volume670
30 Day Avg. Volume1,106
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)1.69
Price to Sales (P/S)1.42
P/FCF Ratio7.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Applied Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Applied Technology Co., Ltd., established in 1984 and headquartered in Osaka, Japan, delivers a broad spectrum of engineering services throughout Japan. The company specializes in sectors such as manufacturing, civil engineering and construction, ...
Applied Technology Co., Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.45B | 7.84B | 7.42B | 7.08B | 6.45B |
| Gross Profit | 2.28B | 1.99B | 2.14B | 2.00B | 1.76B |
| EBITDA | 1.25B | 988.52M | 1.03B | 1.01B | 968.42M |
| Net Income | 914.87M | 725.66M | 716.06M | 736.39M | 711.04M |
Balance Sheet | |||||
| Total Assets | 8.23B | 7.14B | 6.57B | 5.75B | 5.00B |
| Cash, Cash Equivalents and Short-Term Investments | 778.19M | 3.93B | 3.39B | 3.07B | 2.69B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.98B | 1.64B | 1.62B | 1.34B | 1.42B |
| Stockholders Equity | 6.25B | 5.51B | 4.95B | 4.41B | 3.58B |
Cash Flow | |||||
| Free Cash Flow | 1.33B | 718.01M | 492.50M | 504.23M | 557.22M |
| Operating Cash Flow | 1.36B | 750.52M | 530.71M | 526.45M | 582.12M |
| Investing Cash Flow | -40.23M | -43.16M | -40.28M | -29.38M | -41.30M |
| Financing Cash Flow | -170.82M | -170.45M | -170.73M | -113.60M | -57.63M |
Applied Technology Co., Ltd. Technical Analysis
Negative
1853.00
Price Trends
1635.26
Negative
1647.54
Negative
1722.43
Negative
Market Momentum
-1.90
Positive
45.78
Neutral
4.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4356, the sentiment is Negative. The current price of 1853 is above the 20-day moving average (MA) of 1646.55, above the 50-day MA of 1635.26, and above the 200-day MA of 1722.43, indicating a bearish trend. The MACD of -1.90 indicates Positive momentum. The RSI at 45.78 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4356.
Applied Technology Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥9.05B | 13.67 | ― | 3.27% | 4.41% | -39.98% | |
74 Outperform | ¥9.31B | 11.97 | ― | 2.47% | -1.58% | -2.81% | |
69 Neutral | ¥8.71B | 19.61 | ― | 0.99% | 9.86% | -35.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥9.26B | 12.02 | ― | 1.12% | 22.07% | 110.31% | |
53 Neutral | ¥8.74B | 20.42 | ― | ― | 38.42% | 107.01% | |
53 Neutral | ¥13.01B | -4.84 | ― | 4.47% | -10.76% | -199.88% |
* Technology Sector Average
JP:4356
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.